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Biggest Financials (Including GE) Reporting Next Week

GE Chart GE data by YCharts

General Electric (GE - Get Report)

Background: General Electric is one of the largest and most diversified industrial corporations in the world. GE is engaged in developing, manufacturing and marketing a wide variety of products, and it owns GE Capital Bank. General Electric trades an average of 41 million shares per day with a market cap of $247 billion.

52-Week Range: $19.36 to $24.45

Price To Book: 2

Investors aren't expecting an improvement in earnings. Analysts forecast per share results slightly below last year in the same quarter. The earnings release is planned before the market opens on Friday, July 19, 2013.

The average estimate is currently 36 cents a share, backsliding 2 cents (5.3%) from 38 cents during the matching period in the previous year. Analysts are in a tight range from a low of 34 cents per share, up to the highest estimate of 36 cents per share. GE hasn't missed the estimated number in over three years.

The majority of analysts believe GE continues to offer a buying opportunity. The 11 of the 17 analysts covering the company give a buy recommendation. Some (six) are taking a more cautious approach and rate it a hold. As of the last update I have, none of the analysts are recommending selling. The average analyst target price for is $25.43.

GE shares gained about 14% in the 12 months and is one of my favorite stocks. You can read my latest bullish article titled "Three Dividend-Paying Stocks to Buy on the Dip" by clicking on the title.

GE distributes 76 cents a year in dividends for a yield of 3.2%, and the dividend continues to come back after it was cut in 2009 from 31 cents down to 10 cents. As an original Dow Jones Industrials member, the company has stood the test of time. Entering into GE is a simple process for me; look for three down days and buy.

Shares haven't performed well during the last month and are near breakeven; however, the daily and weekly charts remain strong. The weekly chart is in a strong bull trend that trend-followers love. The daily chart isn't quite as impressive, but nonetheless, remains bullish. Look for a test of the recently made 52-week high after the uncertainty of earnings passes.

GE Revenue Quarterly Chart GE Revenue Quarterly data by YCharts
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SYM TRADE IT LAST %CHG
BAC $17.22 1.18%
C $55.68 0.80%
GE $26.66 0.34%
MS $39.36 1.47%
AAPL $126.60 0.94%

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DOW 17,757.91 +138.40 0.79%
S&P 500 2,077.42 +14.31 0.69%
NASDAQ 5,013.1230 +26.2560 0.53%

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